Entries in Whistleblower
(248)

The Securities and Exchange Commission awarded more than $1.8 million to a whistleblower who provided critically important information and assistance to an enforcement action involving overseas misconduct.

I recently read a Wall Street Journalarticle which discussed a $4.5 million award issued by the SEC to a whistleblower. The agency granted the award pursuant to a rule designed to incentivize internal reporting by whistleblowers who also report to the SEC within 120 days.

The Securities and Exchange Commission awarded two whistleblowers $3 million Monday for providing a tip that led to a "successful enforcement action involving an alleged securities law violation that impacted retail investors."

The Securities and Exchange Commission awarded more than $4.5 million to a whistleblower whose tip triggered the company to launch an internal investigation and report the whistleblower’s allegations to the SEC and another agency.

As whistleblower protection continues to grow as an important part of the compliance landscape worldwide, companies should be prepared for the inevitable increase in incidents requiring investigation. This includes allegations of corruption and bribery, which can present significant challenges when raised through internal whistleblower channels.

Corporate investigations in Russia are conducted in a heavily regulated environment. They are further complicated by numerous practical challenges. Observing the legal and factual requirements is like navigating through a minefield. Below I briefly describe some of the pitfalls.

Barclays CEO Jes Staley ignored his CCO and GCNew York's Department of Financial Services fined Barclays Bank PLC and its New York branch $15 million Tuesday because of attempts by the bank’s CEO, Jes Staley, to unmask a whistleblower "in contravention of Barclays’ established whistleblowing policies and procedures."

The Securities and Exchange Commission awarded $39 million to one whistleblower Thursday and $15 million to another in the same case for information that helped the agency "bring an important enforcement action."